Sharefest Will County

Analysis

Sharefest Will County is a registered charity in United States, based in New Lenox, IL. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sharefest Will County reported income of $381k and spending of $292k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $381k (+319%), an average of +319% a year. The sharpest change came in the year to December 2023, when income rose by 319%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sharefest Will County sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Mountain View Community Development ($381k), DT and Joan King Foundation ($381k) and Restore Small Groups ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $63k. At year end it held assets of $126k against liabilities of $6,594, net assets of $119k. It reported 5 employees.